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Companies in the Rubber and Plastics Industry, specifically those in the tire area such as Goodyear Tire & Rubber Co. and Cooper Tire & Rubber Co. appear to be well positioned. While raw material prices have been increasing, tires are currently in high demand which has allowed tire companies to raise their prices without as much impact. Modern Tire Dealer reported that Goodyear plans on raising prices on commercial truck tires beginning next month. Goodyear Tire & Rubber Co. report is accessible for free by registering at http://shinesroomonline.com/reports/March2411GoodyearTire&RubberCo.(GT)240311.php.
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Expansion in Asia is another route that tire companies have been taking recently. Cooper Tire & Rubber reported at the beginning of the month that they had reached an agreement to increase their ownership of Cooper Kenda Tire to 100 percent. The operation manufactures tires for European and North American export, and could be used to provide tires to China in the future. Cooper Tire & Rubber Co. report is accessible for free by registering today at http://shinesroomonline.com/reports/March2411CooperTire&RubberCo.(CTB)240311.php.
With demand remaining strong and prices as well as expansion increasing, tire companies could be well positioned moving forward. Visit www.shinesroomonline.com to see how companies in this industry have grown over the past years and how they are expected to perform in the future.